User Account

All Pages

Reconciles budget profit to actual profit

Assignment Help Finance Basics
Reference no: EM131175202

A company has produced the following performance report for April. The budget shown in the report was based on an original assumption that the total market size for April would be 40 million units. Since the performance report was produced, more accurate market size information has become available. The actual market size for April was lower than estimated at 37.5 million units.

Required:

(a) Produce a statement that reconciles budget profit to actual profit for April in as much detail as possible.

(b) Discuss the advantages and disadvantages of your statement with regard to responsibility accounting.

Reference no: EM131175202

Questions Cloud

Design high-level logical system characteristics : Design high-level logical system characteristics (user interface design, design of data and information requirements). Develop clear and concise business requirements documents and convert them into technical specifications.
Derive general formulas for the maximum bending moment : The loads on a simple beam consist of n equally spaced forces (see figure). The total applied load is P; therefore, each force is equal to Pin. The length of the beam is L; hence the spacing between loads is LI(n + 1).
Manufactures and sells a number of products : CD manufactures and sells a number of products. All of its products have a life cycle of less than one year. CD uses a four stage life cycle model (Introduction, Growth, Maturity and Decline).
Is human brain more or less complex that than of a rodent : In five sentences, summarize the article. Is the human brain more or less complex that than of a rodent? What is the reasoning behind your answer for question #4?
Reconciles budget profit to actual profit : (a) Produce a statement that reconciles budget profit to actual profit for April in as much detail as possible. (b) Discuss the advantages and disadvantages of your statement with regard to responsibility accounting.
Compute the price of an american call option : 1. Compute the price of an American call option with strike K=110 and maturity T=.25years. 2.Compute the price of an American put option with strike K=110 and maturity T=.25years. 3. Is it ever optimal to early exercise the put option of Question 2? ..
Calculate the throat and exit areas of a nook : Calculate the throat and exit areas of a nook to expand air at the rate of 4.3 kg/s from 8.3 bar. 327 °C into a space at 1.13 bar. Neglect the inlet velocity and assume isentropic flow.
Disadvantages of using financial performance indicators : Explain the disadvantages of using financial performance indicators alone to assess performance. Explain TWO non-financial performance measures, each from a different perspective of the Balanced Scorecard, which TSH could use to measure the perform..
Calculate the true static temperature of the air : Assuming that the air round the thermometer bulb is brought to rest adiabatically, calculate, Ii) the true static temperature of the air; Oil the stagnation pressure of the air.

Reviews

Write a Review

Finance Basics Questions & Answers

  Calculate the dollar cost of abc''s jpy loan

ABC Inc. borrows 100m JPY when JPY spot rate is JPY120/$.  Calculate the dollar cost of ABC's JPY loan.

  Sales, assets and financial leverage

This year Andrews achieved an ROE of 18.4%. Suppose next year the profit margin (Net Income/Sales) decreases. Assuming sales, assets and financial leverage remain the same next year, what effect would you expect this action to have on Andrews's ROE?

  What are the costs and benefits of belonging to a single

What are the costs and benefits of belonging to a single currency union such as the European Monetary Union?

  What is its inventory conversion period

What is its inventory conversion period?

  Explain why the central bank''s intervention caused

Explain why the central bank's intervention caused such panic among currency futures traders with buy positions. Explain why the floor broker's willingness to sell 300 pound futures contracts at the going market rate aroused such concern. What might ..

  Julia owns a building worth 800000 she insures the building

what is the meaning of the term reinsurance?explain the reasons for reinsurance.explain the term securitization of

  Determine one 1 significant benefit to an organization that

leasing equipmentnbsp please respond to the followingsuggest one 1 key economic factor that motivates leasing as an

  What is an estimate of steady company cost of equity

Steady Company's stock has a beta of 0.24. If the risk-free rate is 5.8% and the market risk premium is 7.1%, what is an estimate of Steady Company's cost of equity?

  Merton enterprises has bonds on the market making annual

merton enterprises has bonds on the market making annual payments with 14 years to maturity and selling for 972. at

  Calculate the after-tax cost of debt

Calculate the after-tax cost of debt. Calculate the cost of preferred equity

  How do you find the fair value of this option

Interest rates are currently at 5%. You calculate d1 = 0.9043, N[d1 ]= 0.8159, d2 = 0.6543, N[d2] = 0.7422. How do you find the fair value of this option?

  In an internet retailer you will find a wide range of job

in an internet retailer you will find a wide range of job functions. leaders frequently need to adjust their own

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd